Mensa Brands, a Thrasio-style investment venture recently floated by former Myntra and Medlife chief executive Ananth Narayanan, has raised nearly $50 million (Rs 363 crore) in its Series A round of funding.
In a press statement, Mensa Brands states that it aims to acquire sellers on e-commerce marketplaces, has primarily raised the capital from Accel, Falcon Edge Capital, and Norwest Venture Partners.
Angel investors including Cred founder Kunal Shah, DST Global’s Rahul Mehta, and Tiger Global’s Scott Shleifer also participated in this round. Debt financing facilities from Alteria Capital and InnoVen Capital were also secured.
